Regulatory non-compliances in microfinance operations: a survey of Indian microfinance institutions

Sunil Sangwan, Narayan Chandra Nayak and Vikas Sangwan

Journal of Financial Regulation and Compliance, 2023, vol. 31, issue 5, 714-728

Abstract: Purpose - Regulation is critical for sustainable microfinance sector growth. Under this premise, the study aims to examine the different regulatory noncompliance (RNC) practices prevalent in the operations of microfinance institutions (MFIs) at the ground level. Design/methodology/approach - Both the quantitative and qualitative (observations, interviews and focus group discussions) techniques are used to extract the findings. Findings - The study highlights the different RNC practices exercised by the loan officers at the field level in their microfinance loan disbursements. Originality/value - This study is based on the primary data collected from microfinance clients. The arguments put forth for the RNC practices are extracted from direct personal interviews with the loan officers and the clients. The role of various dilemmas/circumstances of the loan officers and the beneficiaries that implicate the MFIs in RNC is highlighted.

Keywords: MFI; Microfinancing; Regulatory noncompliance; Regulation; NBFCs (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jfrcpp:jfrc-01-2023-0001

DOI: 10.1108/JFRC-01-2023-0001

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